branch ADMINISTRATION Manual

Attaching a Plan KYC to a Plan

DefinitionKnow your client rules require Advisors to be aware of an clients investment objectives, investment knowledge, risk tolerance, annual income, net worth and age. EWMS separates the KYC into two sections:

  1. Client KYC – Employer Information, Identification Details, Annual Income, Investment Knowledge and Net Worth.
  2. Plan KYC – Investment Objectives, Risk Rating and Time Horizon

Order Entry Type Process: Contact > Search > Client Details

Process Owner: Branch

Follow Up: N/A

With Whom: N/A

Forms, Paperwork Flow

Form / Branch / Branch Manager / Head Office / Management
Company
KYC Update Form / Copy / Original / BM to HO / NA

Location:

KYC Update form must be signed by the client and the original sent to the Branch Manager or Compliance Officer.

EWMS Process

Search and select your client

Click on the greenClick herelink to Add a Plan KYC or if you already have a KYC created for the client, click on Add to include a new KYC.

Now you can fill in the Plan KYC details for the plan.

Description: This is an open field, the description is to express the purpose of the KYC.

ex. CN-Open can be a short description for Client Name Open; SD-RSP can be used for Self-Directed RSP

Select the Investment Objective(s) using the drop down menu, and enter the percentage that applies.

Select the Risk Rating(s) using the drop down menu, and enter the percentage that applies.

Click Client Signature when you have input the Plan KYC details.

Click Save

Note: The percentages for the Investment Objectives, and the percentages for the Risk Rating, should each total 100%

Once the Plan KYC has been saved, you will receive a pop up box that will remind you to complete Plan Maintenance to attach the Plan KYC to your Plan.

Then go to Plans and Click here to create a new plan or if you already have a created for the client, click on Add Plan to add a new plan for the client’s portfolio.

Select our Plan Type

Select your Plan Administrator

Input the Setup Date

Select your Plan KYC from your drop down menu

Then press Save

The Add button beside the Plan KYC is used only when creating a new Plan KYC

Now your Plan KYC will show 1 attached plans under the Client Details > KYC Tab

Delete Plan KYC

Select Plansto list the client’s plans and check Include Inactive Plans

Select the Plan that you would like to remove the Plan KYC from

Edit the Plan Details

Select the Blank field under the Plan KYC field and press Save.

Navigate to Client DetailsKYC tab

Attached Plans for the Plan KYC must show “0”

Press Delete

Important Information

The percentages for the Investment Objectives, and the percentages for the Risk Rating, must total 100% on the Plan KYC.

You can only delete a Plan KYCwhen the plan is inactive.

The Plan KYC will not longer be reported as a stale dated KYC on your KYC deficiency report once deleted.

Confidential, for internal use only- 1 -last revised: 30-Sep-2018 | Volume 1